Evening Scan

Google's Pixel 11 launch dominated headlines all day. The more interesting move: Kalshi is raising at nearly double its May valuation while simultaneously flagging dozens of its own users to regulators for insider trading.

Kalshi referred 32 possible insider traders to the CFTC

The CFTC reportedly has up to 20 ongoing probes built on Kalshi's own evidence — awkward timing for a mega-round. (New York Times)

Cisco posts 18% revenue growth on $4B in AI infrastructure orders

Old-guard networking gear is having a strong AI-boom moment. (Reuters)

Terabytes of credentials leaked in massive supply-chain attack

Some of the world's most sensitive organizations are on the breach list — the kind of incident that takes weeks to fully untangle. (Ars Technica)

“Kalshi was valued at $22B in May.” — The Information